The Rupee opened weaker on Thursday after a long-standing pressure point returns to the ?fore, with oil prices climbing after Iran and the United ?States traded strikes. It appears that after taking several steps to support the ?currency, the RBI is now reinforcing its intent to prevent any further weakness ?in the rupee, a currency trader at a bank said. However, for that support to prove meaningful and sustained, it would need backing from other factors, particularly a moderation ?in oil prices, he added. Brent crude surged to a high of $95.50 after ?the United States launched fresh strikes on multiple targets in Iran overnight, sharply escalating tensions in ?the ?region. In response, Iran said it would shut the Strait of Hormuz and announced counter-attacks on 18 U.S. military targets in Kuwait and Bahrain. That marks a shift from recent weeks when it has facilitated the transit of ?a small number ?of ships from ?friendly countries through the strait. The U.S. dollar wobbled on Thursday as new U.S. strikes in the ?Middle East undermined sentiment, while a surge in May U.S. consumer inflation to a three-year high kept investors uneasy about the Federal ?Reserve's monetary policy outlook. The currency markets have been subdued this week, as investors weighed the fragile ceasefire in the Middle East against a renewed cycle of tit-for-tat strikes between the U.S. and Iran, eroding hopes for a near-term peace agreement. The euro bought $1.1553, inching away from the 10-week low it hit last week, but has given up most of its ?gains since a ceasefire was struck in early April. The spotlight will be on the European Central Bank policy meeting later in the ?day as it looks poised to raise rates to tackle inflation. Sterling was at $1.33905. The dollar index , which measures the U.S. ?currency against six major peers, eased to 99.903 after U.S. military said it has completed strikes against multiple targets in Iran. Traders have fully priced in a 25-basis-point hike in December, a sharp turn from expectations ?of two rate cuts ?this year before the Iran war erupted at the end of February. The Japanese yen was at 160.52 per dollar, leaving traders on edge about the possibility of official intervention from Tokyo. n other currencies, the Australian dollar ?was at $0.7006 after touching a nine-week low earlier in the session. The New Zealand dollar was steady at $0.5797. Oil prices jumped on Thursday as Tehran declared the critical energy chokepoint, the Strait of Hormuz, closed ?after the U.S. launched additional strikes against Iran and as President Donald Trump vowed even more attacks if no peace deal is secured. Brent futures rose $1.48, or 1.59%, to $94.58 a barrel as of 0243 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $1.71, or 1.90%, to $91.74. U.S. crude ?futures gained more than $3 earlier in the session.......